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Six-month blanket loan moratorium may not fuel market rally this time around


KUALA LUMPUR (July 6): Last year s stock market rally was unexpected against the backdrop of the Covid-19 pandemic. Ample liquidity as a result of low interest rates globally was the main fuel to the sharp rebound.
In Malaysia, loan moratorium granted by Bank Negara Malaysia added additional fuel. More interestingly, the long absent retail investors returned to dominate the local market.
Retail investors are given a six-month loan moratorium again, however research analysts and fund managers doubt that it would help stage another rally like last year. The reason is that more people are likely to face even tighter cash flow compared with a year ago, no thanks to coronavirus. ....

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KLCI ends 0.17% higher amid rotational play, in line with Wall Street gains


KUALA LUMPUR (March 2): The FBM KLCI closed higher by 0.17% or 2.73 points as investors engaged in stock-picking amid sector rotational play, while the positive sentiment generated from Wall Street’s overnight surge has also spilt over to the local market.
At 5pm, the benchmark index closed at 1,569.87 points. Today, the index had only been trading in the positive territory throughout the trading session, ranging between 1,568.67 and 1,583.43.
Among the 30 FBM KLCI constituents, 18 stocks were higher, nine were lower while three traded flat. Gains were led by IHH Healthcare Bhd, which jumped 21 sen or 3.97% to RM5.50, followed by Dialog Group Bhd and MISC Bhd. ....

Kuala Lumpur , Sdn Bhd , Nestlem Bhd , Aimflex Bhd , Kuala Lumpur Kepong Bhd , Pharmaniaga Bhd , Airasiax Bhd , Danny Wong Teck Meng , Muda Holdings Bhd , Bank Bhd , Vitrox Corp Bhd , Top Glove Corp Bhd , Service Bhd , Hong Leong Financial Group Bhd , Dialog Group Bhd , Supermax Corp Bhd , Mega First Corp Bhd , Kobay Technology Bhd , Group Holdings Bhd , Stone Group Bhd , Shanghai Stock Exchange Composite Index , Public Bank Bhd , Hong Leong Industries Bhd , Neave Holdings Bhd , Malaysian Pacific Industries Bhd , Wall Street ,

KLCI breaches 1,580-point level at close as investors regain confidence


25 Feb 2021 / 20:41 H.
KUALA
LUMPUR: Bursa Malaysia’s key index breached the resistance level of 1,580 at the close as investors regained confidence following the official start of the National Covid-19 Immunisation Programme on Wednesday.
At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) surged 23.99 points, or 1.54 per cent, to 1,581.54 from 1,557.55 at Wednesday’s closing.
The key index opened 9.35 points firmer at 1,566.90 and hovered between 1,565.77 and 1,587.11 throughout the day.
Market breadth was positive with gainers outpacing losers 857 to 402, while 411 counters were unchanged, 528 untraded and 71 others suspended.
Total volume was lower at 10.44 billion units worth RM6.57 billion compared with 12.70 billion units worth RM7.01 billion on Wednesday. ....

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